The PCB circuit board industry report pointed out that the main lines of PCB investment in 18 years include: focusing on Apple, automotive electronics, and 5G high-frequency and high-speed new directions. In 2017, when global PCB production capacity continued to move eastward, new and old kinetic energy was handed over, and growth was differentiated, along with the increase in upstream raw material prices, local superior PCB companies ushered in a wave of asset securitization. Leveraging capital leverage, actively expand the production of high-end products to start a new round of accelerated growth dividend period.
In 2018, sorting out the pulsation of the PCB circuit board industry, the bank proposed to lay out the growth investment of PCB circuit board in 2018 from the three dimensions of Apple’s new kinetic energy, automotive electronics, and 5G high-frequency and high-speed. In addition, under the logic of undertaking the eastward shift of global production capacity, we are also optimistic about local superior manufacturers that can take advantage of the local price increase cycle and grasp the opportunities for industry integration and growth.
The iPhone X, which went on sale in November 2017, officially started Apple’s super innovation cycle. The core innovation trends represented by OLED full-screen, 3D sensing, and wireless charging, and the upcoming high-frequency and high-speed LCP new track will drive the FPC global track Continue to expand. Benefiting from Apple’s innovation dividend, the revenue data of related FPC supply chain companies performed brilliantly. At the same time, benefiting from Apple’s introduction of LCP high-frequency high-speed antennas, the FPC soft board company will expand the track in the next two years, and the bank is also concerned about this.
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